Bracing up to purchase a luxury property in Bangalore? This metropolitan continues to be one of the prime residential destinations in the city. With a strong commercial infrastructure, Bangalore attracts millennials and property owners from different parts of India. So, if you are looking for some of the posh areas in Bangalore to purchase your new property, you will find the right pick here.
Bangalore has several industries, including software firms, telecommunication, aerospace, and IT. Known as India’s Silicon Valley, this city is demographically diverse and emerged as one of the greatest economic hubs in recent years.
So, which areas in Bangalore are right for you to purchase an aristocratic home? In this guide, we have discussed some of the prime places for those who want to settle in the city.
Although Bangalore is rapidly developing, it continues to attract investors with its old charm. It has several residential localities that can suit every class of people. Below is a list of the best Bangalore posh areas to buy your property.
|
S. No
|
Posh Area
|
Price Trend (for sale) per sqft
|
|
1
|
Basavanagudi
|
Rs. 12,654
|
|
2
|
Indiranagar
|
Rs. 14,843
|
|
3
|
Jayanagar
|
Rs. 11,953
|
|
4
|
Koramangala
|
Rs. 13,197
|
|
5
|
Malleshwaram
|
Rs. 11,758
|
|
6
|
Rajaji Nagar
|
Rs. 15,757
|
|
7
|
Frazer Town
|
Rs. 11,988
|
|
8
|
Sadashivanagar
|
Rs. 17,911
|
|
9
|
HSR Layout
|
Rs. 11,744
|
|
10
|
Bellandur
|
Rs. 6,146
|
|
11
|
Cooke Town
|
Rs. 10,651
|
|
12
|
Benson Town
|
Rs. 9,429
|
|
13
|
Richmond Town
|
Rs. 14,271
|
|
14
|
Ulsoor
|
Rs. 15,636
|
Also Read | Top 20 Residential Areas to Live in Bangalore
For investors, it’s wise to put their funds in areas close to industrial and commercial hubs to earn a higher ROI. Tech hubs like Whitefield and Indira Nagar are prime choices for investors. These localities attract investors with a strong social and commercial infrastructure. Besides, the ongoing developments in these areas will lead to a rise in property value in the coming years.
Such localities are offering sustainable living environments, which largely appeal to millennials. With several eco-friendly measures to save water and provisions for waste management, these areas stand out as viable investment options for corporate professionals.
Given that Bangalore is a prime IT and business hub, the price ranges of properties depend on the proximity to workplaces. Other factors driving property values in these localities include the availability of a proper transportation system and social amenities. Some of the posh areas in Bangalore attracting investors include Jayanagar, Indira Nagar, HSR Layout, and Frazer Town. The prices of real estate are the highest in these localities. Naturally, these places are attracting more investors compared to other areas.
Here are some of the best residential localities in Bangalore where you can purchase your new property. These are some of the posh areas in Bangalore where investors can enjoy better value for their properties.
Basavanagudi is one of the Bangalore posh areas, located in the southern part of the city. This is a commercial cum residential zone, and is among the oldest localities in Bangalore. The well-developed town has a number of elite institutions, schools, and hospitals. Residents love the vibrant lifestyle there with ancient trees and lots of parks. Several popular restaurants are located in this part of the city. Thanks to the easy access to the National College and Lalbagh metro stations, you can easily get across to popular localities around Bangalore. One can look out for luxury apartments and independent homes, which largely dominate the residential real estate market in this part of the city.
The average property price per square meter in Basavanagudi is INR 12,654 for multi-storey apartments. For residential homes, this value comes to around INR 17,896.
The established academic institutions in the area include BMS College of Engineering, Indian Institute of Art Culture, National College, East-West School, New Generation School, and the Kenmore English School. Some of the prominent hospitals in the area include BMS Hospital, Trinity Hospital, Pandus Hospital, the Bangalore Hospital, and Basavanagudi Medical Centre. Popular places to hang out near the locality include Gandhi Bazar, Golden Tower, Indian Institute of World Culture, DVG Road, and Ashok Plaza.
One of the most popular residential areas in Bangalore, Indira Nagar has an established social infrastructure. Commercial prospects in the area look in good shape. Located in East Bangalore, it is well-connected to the rest of the city. Some of the popular localities close to this area include CV Raman Nagar, Domlur, Koramangala, Kodihalli, and Ulsoor. This is one of the most posh areas in Bangalore, and has a strong civic infrastructure around it. The strong connectivity and accessibility to the prime business hubs in the city make it a great place to live in.
Indira Nagar has a cosmopolitan population, and it houses several branded showrooms, cafes, pubs, and restaurants. Residents also enjoy access to several noted educational hubs in the area. It is located close to the Namma Metro station, which further enhances the property value of the locality. The area has witnessed horizontal developmnent like low-rise multistorey apartments, residenital homes, and villas. The local residential landscape attracts investors from other parts of the city.
The average property price per square meter for multi-storey homes in Indira Nagar is INR 14,483, while that for residential houses is INR 17,924. Some of the established academic institutions around the area include the National Public School, The Frank Anthony Public School, College of Commerce, New Horizon Public School, Sacred Heart Girls First Grade College, St. Joseph College of Commerce, and St. Annes Degree College for Women. Residents can quickly access established hospitals in the area, including Columbia Asia Hospital, Sir CV Raman General Hospital, and Chinmaya Mission Hospital.
The locality has a strong transportation network close to it, with the Namma Metro Purple Line passing close to it. Popular places for residents to hang out close to the complex include Garuda Mall, 1 MG Lido Mall, and UB City.
If you are on the lookout for the best area to live in Bangalore, check out Jayanagar located in the southern part of the city. This is an affluent residential zone with a well-developed commercial infrastructure. This upscale locality in Bangalore is one of the oldest residential pockets in the city. The residential landscape largely includes multi-storey apartments and independent houses.
Thanks to the strong transit network, this area is well-connected to the rest of the city. Among the prominent thoroughfares connecting the region to other places, you have the ORR, Kanakapura Road, and Bannerghatta Road. The Bengaluru City Junction Railway Station on the Namma Metro Green Line lies in a close proximity to the area.
The property price per square meter for multi-storey apartments and residential houses is INR 11,953 and INR 20,165, respectively.
Some of the established educational institutions located close to the area include Kulluri Nilayam Girls High School, Vijaya Composite Pre-University College, and National IAS Academy. Some of the popular healthcare institutions around the locality are Ramakrishna Super Speciality Hospital, Apollo Speciality Hospital, And Sri Jayadeva Institute of Cardiovascular Sciences and Research. The Vega City Mall and Jayanagar Janatha Bazaar are two of the popular places to hang out around the area.
Located in the South-eastern part of Bangalore, Koramangala is one of the best places to reside in the city. It is located near Hosur Road, and some of the prominent areas close to it include BTM Layout, HSR Layout, Ejipura, and Jayanagar. The well-developed social infrastructure makes it a great place to live in. A number of businesses are also moving to this part of the city, and commercial prospects look promising here.
The area is well-connected to other popular hubs. The real estate infrastructure includes residential and commercial properties, along with coworking spaces with seamless network connectivity. Investors looking for the best area to live in Bangalore should check out the physical infrastructure here. The demand for apartments on building floors, luxury residential homes, villas, and low-rise multi-storey apartments is on the rise. Here, investors will come across a decent mix of residential projects, both under-construction and completed.
For multi-storey apartments and residential houses, the property cost per square meter is around INR 13,197 and INR 18,238, respectively. Top educational institutions located close to this locality include St. Johns National Academy of Health Sciences, Indian Institute of Planning and Management, IBMR IBS-B School, Bethany School, and St. Francis High School. Some of the prominent healthcare institutes near Koramangala include AP Aparan Hospital, Apollo Spectra Hospital, St. John’s Hospital, Shraddha Healthcare, and Marvel Multispeciality Hospital.
Thanks to the well-developed transportation system, residents can get a direct connectivity to the international airport. The upcoming Pink Line will further boost connectivity, while you can seamlessly get across to railway station. Some of the popular places to hang around include Total Mall, Eco Space, Spar Hypermarket, and Spencer Retail Limited.
One of the best places to live in Bangalore, Malleshwaram is a well-planned area in Bangalore. It is one of the oldest places to reside in the city, located in the north-western part of the metropolitan. The nomenclature of Malleshwaram originates from the Kaadu Malleswara, a famous temple in the region. It is a cosmopolitan locality where residents enjoy an enriched lifestyle and high historical value. Investors are choosing multi-storey apartments, which are replacing some of the large bungalows in the city.
This locality has a mixed population, which largely comprises middle and upper middle class families with decent income. On Sampige Road, you have several retail and wholesale shops. Also, the area has a number of legendary eateries on Margosa Road. This attracts different types of residents, who are looking for new homes in the area. Some of the prominent shopping areas include Mantri Square Mall, Orion Mall, and 8th Cross Road.
For multi-storey apartments and residential homes, the property cost per square meter is INR 11,758 and INR 15,541, respectively. The locality has a well-developed social infrastructure, with several established educational and healthcare institutions.
Prominent academic institutions around the estate include Mes Kishore Kentra, MLA College, Cluny Convent, and Bangalore Education Society. Some of the prominent healthcare centres are Columbia Asia Referral Hospital, Medinova Centre, Manipal Hospital, and Narayana Superspeciality Hospital. The Green Line Mantri Square Metro and Malleshwaram Railway Station lie in a close proximity, while you can easily get across to the international airport from this locality. Some of the popular shopping malls and markets located close to the area include Big Bazaar, Malleshwaram Market, Reliance Fresh, and World Trade Centre.
If you are looking for one of the largest suburban areas in Bangalore to buy your home, look out for properties in Rajaji Nagar. The strategic location of this area makes it easy for residents to get across to other places around the area. The locality includes a mix of parks, playgrounds, residential properties, academic institutions, shops, places of worship, restaurants, and business centres.
The Yashwantpur railway station and BMTC Bus stand lie close by, enabling residents to navigate through the city with ease. Also, you have the Namma Metro located close by. Prominent places of shopping include the GT World Mall, Orion Mall, and Mantri Square. The residential market in this locality is largely dominated by independent houses. The scarcity of land plots further boost the property value in Rajaji Nagar.
The average cost of property per square foot in Rajaji Nagar for multi-storey apartments and residential houses is INR 15,757 and INR 14,814, respectively. Prominent academic institutions around the locality include Himalai IAS, St. Thomas School, East West Public School, and Mei Polytechnic. Fortis Hospital and Vasan Eye Care Hospital are two of the prominent healthcare centres located close by.
The strong transit network around the area makes it suitable for millennials and working professionals. These include Kuvempu Road Metro Station, Green Line Rajaji Nagar Metro Station, and more. The Lulu Hypermarket, More Hypermarket, Big Bazar, and Orion Mall are located in a close proximity to the region.
Frazer town is one of the posh areas in Bangalore Cantonment area. It is well-connected to other parts of the city through prominent thoroughfares like the Netaji Road, Promenade Road, Mudaliar Road, Spencer Road, Haines Road, Mosque Road and Wheeler Road. This is a posh residential cum commercial suburb, surrounded by places such as Indira Nagar, Cox Town, Halasuru, and Banaswadi. Prominent commercial hubs are located close by, including MG Road and Bridge Road. This makes it a great place for you to buy a property in this area.
The average property price per square meter for multi-storey apartments is INR 11,988 in Frazer Town.
Some of the prominent academic institutions around the area include Holy Angels School, St. Joseph Convent Girls High School, Dr. BR Ambedkar Medical College, and Goodwill Christian College for Women. While the Thomas Supermarket is located close by, you have Bangalore East Railway Station and Purple Line Swami Vivekananda Road Metro Station in the proximity.
Located in the southeastern part of Bangalore, HSR Layout is among the best areas to live in Bangalore. It is located close to the commercial areas in the city, such as Hosur Road, Koramangala, and other places. This has resulted in a rapid influx of residents willing to buy new properties. Both independent homes and apartments are available for sale in HSR Layout.
Some of the best hospitals, schools, restaurants, cafes, clubs, and parks are located around the area. It appeals to start-ups and business owners, who are willing to capitalize on the commercial potential in the region.
The average property price per square meter in this Bangalore posh area is INR 11,744 for multi-storey apartments and INR 9,635 for residential houses. In HSR Layout, some of the prominent academic institutions include Oxford College of Science, Cambridge Public School, Lawrence High School, The Oxford College of Engineering, and National Institute of Fashion Technology.
Prominent hospitals in the area include Sri Tirumala Hospital and Apollo Clinic. The HSR Layout metro station and the international airport lie in a close proximity to the area.
Richmond Town is a posh locality in Bangalore, located on the bustling Hosur Road. The civic infrastructure in this part of the city is world-class, and the locality has several markets. In recent years, Richmond Town has witnessed the influx of IT companies and great options for entertainment. The Karnataka State Hockey Stadium is located here, and some of the popular localities close to this place include Victoria Layout, Jayanagar, Koramangala, and Adugodi. On average, the property price in Richmond Town ranges from INR 1.6 crore to INR 3 crore.
Some of the prominent academic institutes in this posh area in Bangalore includes Bishop Cotton’s Boys School, Jain University School of Sciences, Abbas Khan College for Women and Cathedral High School. The established heatlhcare institutes in the close proximity include Fortis Hospital, Mallaya Hospital, and Hosmat Hospital. One can reach the Mahatma Gandhi Railway Station in a quick time from the homes in this area.
One of the best places to live in Bangalore, Ulsoor is the home to affluent families in the city. Some of the major localities close to this area include Indira Nagar, MG Road, and Domlur. Individuals looking for a home in a peaceful environment look out for new properties in this part of Bangalore. It has several places of attraction including many beautiful lakes and temples. Entertainment options are available in plenty, while residents can access sophisticated restaurants, cafes, and other places of interest from their homes. Reputed real estate developers have come up with luxurious multi-storey apartments in Ulsoor.
On average, the property price per square meter in Ulsoor for multi-storey apartments is INR 15,636. Some of the reputed academic institutions located close to this locality include Nexgen Academy, Study Cloud Education Services, and Charans Pu and Degree College. Halasuru Metro Station and Namma Purple Line Metro further enhance the connectivity in the area. The Ulsoor Bazaar is located close to this area, defining a happening lifestyle for the residents.
We have listed some of the most posh areas in Bangalore in this guide for you to purchase your dream home in. These places are known for their enriched social infrastructure, seamless transportation facility, and the potential to deliver better returns on real estate investments. Check out the new projects in these areas in Bangalore and make your investment.
FAQs
Among the best places to live in Bangalore, the most posh areas include Indira Nagar, Rajaji Nagar, HSR Layout, Koramangala, and Frazer Town.
Billionaire Street is located in the third block of Koramangala, one of the posh areas in Bangalore.
Check out places like Jayanagar, Indira Nagar, Bellundur, Sadashivnagar, and Malleshwara, which are good places to live in Bangalore.
Richmond Town, one of the posh areas in Bangalore, is famous for the rapid development of the IT infrastructure and the Karnataka State Hockey Stadium.
